Average gas price falls 4 cents in Midland

City still has highest average price

The average price of gasoline fell another 4 cents in
Midland this past week, according to AAA Texas.

The average price of gasoline fell another 4 cents in Midland this past week, according to AAA Texas.

Photo: Luke Sharrett /Bloomberg

Photo: Luke Sharrett /Bloomberg

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The average price of gasoline fell another 4 cents in
Midland this past week, according to AAA Texas.

The average price of gasoline fell another 4 cents in Midland this past week, according to AAA Texas.

Photo: Luke Sharrett /Bloomberg

Average gas price falls 4 cents in Midland

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The average price of gasoline fell another 4 cents in Midland this past week, according to AAA Texas.

Drivers in Midland are paying $2.60 a gallon for regular unleaded -- 48 cents less than they were paying the same time one year ago.

Market analysts attribute the recent price decreases to an increase in regional refinery utilization, growing gasoline supply and a dip in demand, according to AAA Texas. Historically, Texas gas prices increase in late spring and begin to decline during August as the summer driving season starts to wind down, according to the organization.

Midland has company at the top of weekly price standings. While the price dropped 4 cents in Midland, the price fell only 1 cent in Odessa. That means both communities are showing a $2.60 average, which is 13 cents higher than third-place Galveston-Texas City. The state average moved to $2.43 after a 4-cent decline in the past week.